The NPAY network was designed by the Kryptonite OÜ, a cryptocurrency development Co., Ltd. from Estonia. Given the increasing popularity of digital assets and blockchain, traditional investors demand more significant exposure to digital assets and blockchain-based technologies. However, many things can be «lost in transition» concerning the integration of the world of digital currency and the world of traditional finance. Providing a seamless payments system between cryptocurrency and conventional assets is the underlying philosophy behind the NPay Network.
Merchants, buyers and sellers, who use digital currencies, currently have to interact with several counterparties to successfully carry out their transactions. These counterparties being traditional banks, payment networks and financial services companies.
The majority of them do not understand the nature of digital currencies, which can cause frustration, account freezes, losses and not to mention the various inefficiencies associated with it. With the blockchain, a growing number of users and businesses are beginning to struggle to leverage the existing infrastructure to manage the transfer of funds for making payments for goods purchased and also for receiving payments. NPAY is designed as a completely decentralized Peer-to-Peer Cryptocurrency based on the quark algorithm which was developed for the sole purpose of revolutionizing the traditional online payment system to create a new payment system based on the blockchain technology which will make online or in-store payments faster, anonymous and more secure.